Level 3 Communications Sets Second Quarter 2006 Earnings Call Date

BROOMFIELD, Colo., July 5, 2006, Level 3 Communications, Inc. (Nasdaq: LVLT) will release its second quarter 2006 results on Tuesday, July 25, 2006, and will host a conference call at 11 a.m. EDT.
The second quarter conference call will be broadcast live on Level 3ís Web site at www.Level3.com. If you are unable to join the call via the Web, you may access the call at 612-332-0335. You may also e-mail questions to Investor.Relations@Level3.com.
The call will be archived and available on Level 3ís Web site at www.Level3.com, or you may access an audio replay until 11:59 p.m. EDT on Friday, July 28, 2006, by dialing 320-365-3844 access code 834228. For additional information please call 720-888-2502.

About Level 3 Communications
Level 3 (Nasdaq: LVLT), an international communications and information services company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3ís customers to meet their growing demands for advanced communications solutions. The companyís Web address is www.Level3.com.

Level 3 offers information services through its subsidiary, Software Spectrum, and fiber-optic and satellite video delivery and advertising distribution solutions through its subsidiary, Vyvx. For additional information, visit their respective Web sites at www.softwarespectrum.com and www.vyvx.com.
The Level 3 logo is a registered service mark of Level 3 Communications, Inc. in the United States and/or other countries. Level 3 services are provided by a wholly owned subsidiary of Level 3 Communications, Inc.
Forward-Looking Statement Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: increasing the volume of traffic on Level 3ís network; developing new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; stabilizing or reducing the rate of price compression on certain of our communications services; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; ability to meet all of the terms and conditions of our debt obligations; overcoming Software Spectrumís reliance on financial incentives, volume discounts and marketing funds from software publishers; and reducing downward pressure of Software Spectrumís margins as a result of the use of volume licensing and maintenance agreements. Additional information concerning these and other important factors can be found within Level 3ís filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.